Some advice pls on when/if i should sell my car and upgrade to a new/demo with lower km.
In Jan 2016 I bought a demo hyundai elantra elite for $23k with 7k km on the ckock, I claimed 90% of the GST back as I am a part time uber driver.
It now has 18k on the clock as I drive about 1800km per month
I like to drive new model cars with some bells and whistles and obviously this comes at a cost.. I.e Its not a totally commercial descision.
At what point should I change the car over to something similar (cost and lower km) in an attempt to maintai some value of the current car? Is there like a sweet spot km/age limit?
I was thinking just under 30k..would like to hear some opinions please.
Thanks in advance
IF you buy and sell via a dealer then they will make $$$'s from your exchange.
This occurs every time that you do this.
Selling privately and then buying a used car privately will save your pocket (providing you research what something is worth and do not buy a lemon).
You could therefore regularly change your private car and reduce the depreciation.